Donald Trump has made his stance clear. He bought a Tesla (TSLA) and parked it right in the White House driveway. Sky News reports that the president called Tesla “Elon’s baby” and urged Americans to support the company. He admired the red Model S on display and called it “beautiful” in front of the media.
Tesla Stock Hits All-Time Low
Tesla has lost half its value in just three months. Its stock price hit an all-time low this week. Trump’s endorsement comes at a critical time. Sky News notes that he encouraged Americans to buy Tesla stock in solidarity with Musk, calling him “a great American.”
Protesters Target Tesla amid Government Cuts
Not everyone is impressed. Federal workers who lost their jobs due to Trump’s budget cuts are furious. “I will never buy a Tesla,” former USAID Global Health employee Dr. Peter Kerndt told Sky News. Amy, another former government worker, admitted she felt “unaccountably angry every time a Tesla passed by.”
Public Reactions Remain Divided
Protests have escalated outside Tesla dealerships. The company has become a symbol of frustration over Musk’s ties to Trump’s spending cuts. However, some customers remain loyal. One woman at a Virginia dealership told Sky News she needed a safe car despite political concerns. “I’m a federal employee myself but need to separate the fact that as a vehicle, the car just makes sense,” she said.
Musk and Trump Strengthen Their Ties
Elon Musk personally handed over the car to Trump, bringing his young son along for the event. Despite backlash, the alliance between the U.S. president and the Tesla CEO appears stronger than ever. Sky News describes their relationship as “as invincible as a Cybertruck.”
Is Tesla Stock a Buy, Sell, or Hold?
Analysts remain divided about TSLA stock, with a Hold consensus rating based on 12 Buys, 12 Holds, and 12 Sells. Over the past year, TSLA has increased by more than 25%, and the average TSLA price target of $333.14 implies an upside potential of 44.5% from current levels.
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